More CIBC branches offering clients flexibility of six day a week banking

    TORONTO, July 3 /CNW/ - CIBC (CM: TSX;NYSE) is expanding the number of
branches in Ontario with Saturday banking hours to offer clients greater
flexibility, access and choice.
    By the end of this year, CIBC will have introduced Saturday hours at 33
additional Ontario locations in 2008, bringing the total to 185 CIBC locations
offering Saturday banking in the province.
    "Many of our clients work during the week and have to juggle a number of
commitments on weekends," said Larry Tomei, Senior Vice-President, CIBC Retail
Markets, Central Ontario. "By offering Saturday hours at branches located in
busy shopping areas, we're making it easier for our clients to fit in their
banking when it suits their schedules."
    So far this year CIBC has introduced Saturday hours at 17 locations in
Ontario.
    Beginning July 5, CIBC clients will be able to bank on Saturdays from
9:30 a.m. to 4:00 p.m. at seven additional CIBC branches in Southern Ontario
located in Ancaster, Burlington, Fort Erie, Guelph, Kitchener and Ridgeway.
    Later this summer and into the fall, CIBC will introduce Saturday hours
at branches located in Amherstburg, Brantford, Etobicoke, Mississauga,
Newmarket, North York, Richmond Hill and Windsor.
    CIBC has also been a leader in introducing Sunday banking at select urban
branches, including four branches in the Greater Toronto Area. Two additional
CIBC locations in the GTA, at Gerrard Square in Toronto and the Markville
Shopping Centre in Markham, will begin offering Sunday banking on July 6.
    As part of its overall strategy to provide clients with greater
flexibility, access and choice, CIBC is also extending the regular weekday
hours at many of its locations.
    "Our clients have access to one of the largest physical distribution
networks of branches and ABMs in Canada," added Tomei. "Our branch network of
1,049 full service branches, many offering extended hours, ensures a strong
presence where clients live, work and shop."
    CIBC clients also benefit from access to more than 3,700 automated bank
machines, as well as 24/7 service over the phone and on Canada's leading
online banking site, www.cibc.com.

    CIBC is a leading North American financial institution with nearly
11 million personal and business clients. CIBC offers a full range of products
and services through its comprehensive electronic banking network, branches
and offices across Canada, in the United States and around the world. For more
information about CIBC visit www.cibc.com.